Neogen Chemicals Limited — Pledging, 04-05-2026: Pledge/Unpledge
04-05-2026 · 03:50 pm
Neogen Chemicals promoter, Dr. Harin Haridas Kanani, has pledged 13,19,083 equity shares, which constitutes 5% of the company's total paid-up capital. This pledge was created on March 30, 2026, in favor of Axis Trustee Services Limited. The purpose of this encumbrance is to facilitate borrowing by Cadamba Solutions Private Limited, a promoter group member, from Avendus Structured Credit Fund III. This move reflects a change in the promoter's shareholding status to support funding for a group entity.
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